Gasoline barge prompt cracks in northwest Europe gained on Monday, supported by exports to West Africa, the United States and elsewhere as demand builds ahead of the peak summer season. Reuters shipping data showed a flurry of new vessels booked to carry gasoline or its components…
North Sea Forties crude differentials retreated on Monday as traders said last week's move higher on the back of tighter May supply was overdone, despite the possibility of a VLCC cargo to South Korea in late April.Forties differentials…
The German government will give its blessing on Tuesday to a sweeping reform of renewable energy laws designed to slow cost increases as Europe's largest economy moves to nearly double its green power share to 45 percent by 2025.Chancellor…
Clean tanker rates on the transatlantic route edged higher on Monday helped by light bookings although the market continued to struggle with a glut of vessels.Rates for medium-range (MR) tankers for 37,000 tonne cargoes on the TC2 route from Rotterdam to New York were at W124…
Hariga, Zueitina ports expected to open first Deal calls for more talks on larger terminals (Adds context, background, oil prices)Libya's Zueitina oil port prepared on Monday to load crude on tankers after the government reached…
The Coast Guard Authorization Act of 2010 removed the size limit on offshore supply vessels (OSVs). The Act also directed the Coast Guard to issue, as soon as is practicable, a regulation to implement section 617 of the Act and to ensure the safe carriage of oil…
Glencore Xstrata Plc's interim chairman, former BP Plc chief executive Tony Hayward, is in the running to take the job permanently, the Wall Street Journal reported on Friday, citing people familiar with the situation.Hayward is on a shortlist with Roger Agnelli…
The United States has extradited a former executive of an Italian marine hose manufacturer to face price-fixing charges in what the Justice Department said was its first extradition on antitrust charges.Romano Pisciotti, a former executive with Italy's Parker ITR SRL…
Russia's top natural gas producer, Gazprom, will eventually lose more than it gains from raising the gas price for Ukraine by 80 percent, analysts said on Friday, predicting Kiev would cut purchases and fail to pay in full.Gazprom on Thursday announced a price rise for Ukraine to $485 per 1…
Mersey Maritime Group and Shipping Innovation, organizers of this year’s Maritime, Logistics and Energy (MLE) event in Liverpool, are to hold a day of high level networking designed to galvanise interest among all interested parties ahead of the big event in June…
Drydocks World & Maritime World said it has attained new heights in its core business by practicing business excellence principles as well as by prioritizing employee betterment and welfare. The company has been one of the pioneers in implementing occupational health activities in the region…
MHI president Miyanaga offers W\words of advice and encouragementMitsubishi Heavy Industries, Ltd. (MHI) held a ceremony this morning at Shinagawa Intercity Hall in Tokyo to formally welcome new employees joining the company this year. President Shunichi Miyanaga addressed the new recruits…
Stabil Drill, a subsidiary of Superior Energy Services, has named A. Mauricio Alvarez as Latin America sales manager, announced Marty LeBlanc, Stabil Drill’s chief financial officer.Based in Houston, Alvarez will identify new clients in…
First public display of Aquarius MRE System & Aquarius Eco Ship concept. Eco Marine Power (EMP) has announced that it will be presenting for the first time a number of the technologies it is developing including the Aquarius Marine Renewable Energy (MRE) System at Sea Japan 2014…
The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own…
